Active Listing  ·  3 days on market

121 Rapid Springs Cv

Georgetown, TX 78628
$679,900
5 Bed 4 Bath 3,817 sqft $178/sqft Built 2021 0.20 acres 2-Car Garage Pool Riverview

Picture mornings overlooking green space at 121 Rapid Springs Cove, a five-bedroom home in Georgetown, Texas, offering 3,817 square feet, a dedicated office, and a main-level primary suite. The expansive east-facing covered patio spans the full width of the home and overlooks a wooded backyard, offering a peaceful setting for morning coffee, outdoor dining, or relaxing in the shade after work. Inside, the kitchen features a generous center island, built-in electric cooktop, oven, and microwave. The formal dining room features decorative ceiling details, distinctive lighting, and built-in butler's pantry cabinetry, while a fireplace with a ceiling-height tile surround anchors the family room. Situated toward the rear of the home, the primary suite includes a fully tiled walk-in shower for two, soaking tub, separate vanities, and walk-in closet. The downstairs half bath has been converted into a full bathroom. Near the front entrance, a dedicated office provides a work-from-home space with flexibility for other uses. Georgetown combines everyday convenience with access to parks and the greater Austin area. Downtown Georgetown is approximately 4 miles away for shopping and dining, H-E-B Grocery Store is approximately 2.5 miles away, San Gabriel Park is about 5 miles away, and Garey Park is about 7 miles away. Located near Highway 29, the home provides connections to Interstate 35, US 183, and employment centers throughout the Austin metro. Whether you're relocating to Central Texas or moving within the area, explore the space, wooded backdrop, and covered outdoor living at 121 Rapid Springs Cove. Schedule your private tour today.

At $178/sqft, this home is 21% below the Georgetown active market average of $226/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

121 Rapid Springs Cv, Georgetown, TX 78628

Property Details

Price $679,900
Status Active Listing
Beds 5
Full Baths 4
Half Baths ,
Living Area 3,817 sqft
Lot Size 0.20 acres (8,890.6 sqft)
Year Built 2021
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Riverview
County Williamson
Zip Code 78628
$/sqft $178/sqft
Days on Market ,
HOA $700/Annually
Annual Tax Est. $15,122.94
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT250220439
List Date October 19, 2026
Elementary School Wolf Ranch Elementary
Middle School James Tippit
High School East View
School District ,

Luke Allen (TREC #788149) has deep knowledge of Georgetown and surrounding markets. Whether you're buying, selling, or just researching comparable sales, reach out for a no-pressure conversation.

Schedule a Call →

Similar Homes on the Market in Georgetown

Comparable Listings Right Now

Homes currently for sale in Georgetown with similar bedroom count, size, and price range, giving you real-time context for how this property's asking price compares to the active market.

AddressList Price$/sqftBeds/BathsSqftDOMListed
129 Bear Paw Run
Riverview
$699,000 $235 4 bd / 3 ba 2,980 sqft , 2026-10-17
105 Plumfield Cv
Heights/San Gabriel Ph 1
$699,810 $192 5 bd / 5 ba 3,644 sqft , 2026-10-22
3312 Double Spur Trl
Wolf Ranch - West Bend
$699,950 $243 4 bd / 4 ba 2,877 sqft , 2026-09-16
216 Moria Ct
Heights at San Gabriel
$699,990 $241 4 bd / 3 ba 2,903 sqft , 2025-10-07
1220 Blue Moon Drive None
Wolf Ranch
$659,177 $205 4 bd / 4 ba 3,216 sqft , 2026-10-15

Source: ACTRIS MLS, live listings. Similar by ±1 bed, ±35% price, ±35% sqft. Contact Luke for a formal comparative market analysis.

Investment Analysis

Rental Income Potential

The numbers below use conservative Austin-market assumptions. They are estimates, not a guarantee. Actual rents vary by condition, timing, and management. Read our full Austin rental property guide →

Est. Monthly Rent
$3,264/mo
0.48% rule · conservative Austin est.
Gross Yield
5.76%
Annual rent ÷ purchase price
Cap Rate (est.)
3.46%
NOI after 40% vacancy + expenses
Down Payment
$135,980
20% conventional investment loan

Monthly Cash Flow Breakdown (20% down · 7.25% rate)

Estimated Gross Rent+$3,264
Principal + Interest−$3,710
Property Tax (~2.1% TX avg)−$1,190
Insurance (~0.5%)−$283
Est. Monthly Cash Flow $-1,919

At current rates and prices, many Austin luxury properties run neutral or slightly negative on pure cash flow, appreciation and equity paydown are the primary return drivers. BRRRR and off-market acquisitions can improve day-one cash flow. Learn about the BRRRR method in Austin →

Commute & Employment

Major Employers Near Georgetown, TX

Georgetown sits within commuting range of Austin's major tech, manufacturing, and corporate campuses. Approximate drive times from this area:

Dell Technologies HQ 20 min S
Apple Campus (Domain) 30 min S
Williamson County jobs hub 5-10 min

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About the Author
Luke Allen, Austin TX Realtor, TREC #788149
Luke Allen
Licensed Austin TX Realtor · TREC #788149 · Full-time since 2019
★★★★★ 5.0 on Google · 30 Reviews

Luke Allen is a full-time Austin TX Realtor with the Austin Marketing + Development Group brokerage. He works with buyers, sellers, and investors across every Austin ISD and the surrounding neighborhoods, from Downtown and East Austin to Round Rock, Cedar Park, and the Hill Country. Every page on this site is written and maintained by Luke. This page was last updated on October 21, 2026.

📞 (254) 718-2567 [email protected] More about Luke →